Fintech News

JANUARY 7, 2024

The fundraise also saw participation from several venture capital firms including Jafco Asia, Skystar Capital, Sovereign Capital, and Gobi Partners. We will continue to innovate and bring meaningful impacts to Indonesia’s massive population base, especially the underserved yet promising MSMEs in tier 2 and 3 cities.”

Financial Inclusion 106

Financial Inclusion Underserved Participant Regulations 106

Fintech Finance

OCTOBER 29, 2024

With only 48% of the adult population in Africa banked, according to the African Digital Banking Transformation Report ( [link] ), the collaboration between Orange and Mastercard is designed to accelerate financial access, contributing to the financial empowerment of underserved communities.

Visa 82

Visa Digital Payments Financial Inclusion Online and Mobile Banking 82

Fintech Finance

SEPTEMBER 25, 2024

This, in turn, makes it harder for these businesses to meaningfully participate in the digital economy and limits inclusive growth. This innovation brings down the barriers and enables an affordable consumer device to become a powerful business tool,” said Sebastien Codeville, chief executive officer of KaiOS Technologies.

Visa 81

Visa Economy Digital Payments Enrollments 81

The Fintech Times

MAY 29, 2024

The Interledger Foundation , an organisation building and advocating for an open, interoperable payment network, is introducing a new initiative to fund fintechs that leverage its Interledger Protocol (ILP) to bring payment capabilities to emerging markets and underserved populations.

Instant Payments 69

Instant Payments Cross-Border Payments Financial Inclusion Underserved 69

Center for Payments

OCTOBER 20, 2023

The Impact of Innovation on Financial Inclusion The fintech industry has witnessed significant advancements in recent years. Innovations such as blockchain technology, artificial intelligence, and biometrics have revolutionized the way financial services are delivered.

Financial Inclusion 40

Financial Inclusion Cybersecurity Innovation Online and Mobile Banking 40

Fintech News

FEBRUARY 14, 2024

Additionally, the bank plans to innovate new products targeting this vital economic segment, with a keen emphasis on enterprises owned or led by women. IFC has been a great partner in promoting financial inclusion, differentiating Thai Credit from other market participants,” said Roy Agustinus Gunara, Managing Director of Thai Credit.

Financial Inclusion 98

Financial Inclusion Non-Bank Underserved Finance 98

Fintech Finance

MAY 9, 2024

A leading multinational bank, Access Bank Group , has today launched an innovative solution in collaboration with Mastercard to expand access to cross-border payments and remittances to and from the continent, bringing Africa closer to the global economy.

Cross-Border Payments 94

Cross-Border Payments Cross-Border Visa Financial Inclusion 94

Fintech Finance

OCTOBER 29, 2024

This collaboration will enable all participant partners in TerraPay Global network to send seamless international money transfers directly to Yape users, allowing them to instantly access their funds and take advantage of a wide array of financial services within the app.

Financial Inclusion 94

Financial Inclusion Cross-Border Economy Underserved 94

Clearly Payments

MARCH 11, 2024

Canada, known for its somewhat progressive stance towards financial innovation, has been aware and monitoring this transformative technology. These regulations aim to mitigate the risks of illicit activities associated with cryptocurrencies while fostering innovation and protecting consumers.

Cryptocurrency 77

Cryptocurrency Financial Inclusion Consumer Protection Payments 77

The Fintech Times

OCTOBER 29, 2024

Recognising this as an issue that needs to be solved, the collaboration between Orange and Mastercard aims to accelerate financial access and contribute to the financial empowerment of underserved communities.

Visa 59

Visa Financial Inclusion Online and Mobile Banking Debit Card 59

The Fintech Times

MAY 22, 2024

Through the ABX Platform, Crown Agents Bank will provide AbbeyCross users with competitive emerging market FX rates, efficient access to its global network and innovative cross-border payment solutions for fast and efficient settlement. “This is why the AbbeyCross ABX Platform is so important.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Settlement Underserved 59

Fintech Finance

MAY 21, 2024

Through the ABX Platform, Crown Agents Bank will provide AbbeyCross users with competitive Emerging Market FX (EM FX) rates, efficient access to its global network and innovative cross-border payments solutions for fast and efficient settlement. This is why the AbbeyCross ABX Platform is so important.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Settlement Underserved 52

Fintech Finance

SEPTEMBER 12, 2024

Innovating for financial inclusion Zambia has taken great strides in narrowing its gap in financial inclusion. Offering microloans to underserved populations, Lupiya has played a pioneering role in bridging this gap. According to the latest data, levels of inclusion have improved ( [link] ) from 59.3% in 2015 to 69.4%

Product 87

Product Financial Inclusion Debit Card Digital Payments 87

The Fintech Times

NOVEMBER 16, 2024

Furthermore, participants repeatedly mentioned apps crashing, having complicated layouts, taking a long time to load and being regularly unavailable (due to maintenance or updates) as key frustrations. When asked the reasons for these frustrations, 47 per cent of respondents said that inadequate customer support was the major issue.

AI 64

AI On-Demand Mobile Banking Underserved 64

PYMNTS

JULY 29, 2020

One of the defining characteristics of the past decade or so has been that what’s an industry-disrupting innovation one day is old news within six months. Microsoft is collaborating with @Mastercard to accelerate innovation across digital commerce and startup ecosystems. Microsoft Stories and News (@MSFTnews) July 28, 2020.

Innovation 71

Innovation Visa Micro-Entry Financial Inclusion 71

CB Insights

SEPTEMBER 26, 2018

One solution: in-house healthcare innovation labs. We put together a list of healthcare innovation labs from new entries to the field, as well as some of the oldest — and most familiar — names in health. Sometimes corporate innovation goes wrong , and we’ve written about corporate innovation theater before.

Innovation 73

Innovation Participant Research Product 73

Fintech News

JANUARY 15, 2024

Looking ahead, the Monetary Authority of Singapore (MAS) has introduced the SGQR+, an innovative concept aimed at revamping Singapore’s QR payments infrastructure for the future. This allows participating wallets (both local and cross-border) and merchants to have a common standard interface for sending and receiving payment notifications.

Interoperability 99

Interoperability Cross-Border Payments Financial Inclusion 99

The Fintech Times

JANUARY 3, 2024

Many market participants have already sought to develop technologies and standards to facilitate consumer access to personal financial data,” wrote the CFPB in their introduction to the rulemaking. “The The CFPB intends to accelerate the shift to a more open and decentralized system through the issuance of a final rule.” “Our

CFPB 69

CFPB Consumer Financial Protection Bureau (CFPB) FinTech Underserved 69

Fintech News

MARCH 5, 2024

This year’s conference promises a wealth of knowledge with over 50 hours of discussions, interactive sessions, and real-world case studies focused on Asian fintech innovation and growth. However, this innovation is not without its challenges and opportunities.

Embedded Finance 89

Embedded Finance APACS Financial Inclusion CBDC 89

The Fintech Times

JULY 28, 2024

. “SteelWave Digital can further bridge the financial accessibility gap by expanding its strategic partnerships with global liquidity providers to enhance capital flows into underserved markets. He adds how it is important this goal keeps customers at the heart of any of innovation.

FinTech 92

FinTech Financial Inclusion Online and Mobile Banking Financial Literacy 92

Fintech News

OCTOBER 16, 2024

Building on its success in 2023, which attracted over 66,000 participants from 150 countries, SFF 2024 will feature a distinguished lineup of global central bankers, regulators, industry leaders, entrepreneurs, investors, innovators, and influencers. Fintech News Network readers will also get a 20% discount on their Delegate Passes.

FinTech 102

FinTech Cross-Border Payments AI Innovation 102

Fintech News

MARCH 5, 2024

This year’s conference promises a wealth of knowledge with over 50 hours of discussions, interactive sessions, and real-world case studies focused on Asian fintech innovation and growth. However, this innovation is not without its challenges and opportunities.

Embedded Finance 80

Embedded Finance APACS Financial Inclusion CBDC 80

Fintech News

FEBRUARY 4, 2024

The affluent segment’s demand for digital-only, cost-effective services is prompting firms like UBS and Merrill Wealth Management to introduce innovative platforms and services catering to this demographic. Morgan and KKR actively participate in the asset tokenisation ecosystem, strengthening its legitimacy and acceptance.

AI 118

AI Returns On-Demand Underserved 118

Fintech Finance

FEBRUARY 26, 2024

Together with the GSMA Foundation, we seek to empower those in underserved communities across the world and provide equal access to help build better financial futures for all.”

Financial Literacy 52

Financial Literacy Finance Financial Inclusion Economy 52

Fintech News

AUGUST 19, 2024

500 Global focuses on markets where technology, innovation, and capital can unlock long-term value and drive economic growth. In the past 24 months, the firm has participated in seven deals in Southeast Asia, making it the fourth most active fintech investor during the period, neck and neck with 500 Global, according to Tech in Asia.

FinTech 113

FinTech Underserved Technology Cross-Border 113

The Fintech Times

JANUARY 15, 2024

Created in partnership with Create Labs , a social venture offering technology access to underserved communities, the tool aims to limit biases and cater to diverse entrepreneurial needs. This is a testament to our commitment to the small business community and to innovations that lift people up.”

Small Business 59

Small Business Visa AI Underserved 59

The Fintech Times

OCTOBER 30, 2024

“With over 20 million underserved adults in the UK, it’s time to rethink access barriers. ” ‘Inclusivity requires innovation’ Iana Vidal , head of UK public policy at Clearpay “Financial inclusivity requires innovation that keeps pace with the rapidly evolving needs of consumers.

Financial Inclusion 59

Financial Inclusion Embedded Finance Non-Bank Consumer 59

Fintech News

DECEMBER 20, 2023

Singapore also made strides in payment innovation, focusing on enhancing electronic payments and expanding cross-border capabilities. Singapore furthers payment innovation aspirations 2023 also saw Singapore advance its payment innovation ambitions, particularly in the realms of electronic payments and cross-border payment capabilities.

FinTech 88

FinTech Cross-Border CBDC Web 3.0 88

Fintech Finance

MARCH 22, 2024

A financial exclusion gap also still exists affecting underserved or unbanked communities. Build trust through regulatory compliance and digital innovation. Mastercard’s technology and innovative solutions enable its customers to move money and data quickly and securely.

Visa 52

Visa Cross-Border Cross-Border Payments Financial Inclusion 52

The Fintech Times

SEPTEMBER 2, 2024

These digital-first institutions are bridging gaps in traditional banking, offering innovative solutions to meet the needs of a diverse and underserved market. Neobanks in the MEA region, much like their global counterparts, operate solely in the digital realm, without any physical branches.

Non-Bank 64

Non-Bank FinTech Visa Underserved 64

Finovate

SEPTEMBER 16, 2024

In both instances, greater digitization and enabling technologies like AI and machine learning, are empowering businesses to better know and serve their customers, build innovative solutions and services, and secure their operations and their customers’ data against cybercrime. What caught my attention was the buzz throughout.

Consumer 59

Consumer AI Embedded Finance Automation 59

Clearly Payments

FEBRUARY 12, 2024

This article aims to explore the impact that Visa and Mastercard has on the payment industry, examining their influence on innovation, regulation, consumer behavior, and the broader economy. High interchange fees can eat into merchants’ profit margins, particularly for small businesses with tight budgets.

Visa 84

Visa Payments Payment Networks Online and Mobile Banking 84

Faster Payments Council

MARCH 15, 2023

And understand the timing and projected rollout of ISO 20022 for industry participants, including government entities, financial institutions and businesses. 100B/yr US alone – sticky, underserved, corporate/gov't load (no consumer). especially in the gaming sector and for account loading applications.

FPC 88

FPC ISO 20022 Cross-Border Payments Federal Reserve 88

Fintech Finance

MAY 17, 2024

QED Investors led the equity financing, which also included participation from new investor Volpe Capital as well as existing investors Oak HC/FT, Kaszek and Picus Capital. Aplazo has now secured more than $100 million in equity financing and $75 million in committed debt funding since launching in late 2020.

BNPL 52

BNPL FinTech Security Payment Solutions 52

PYMNTS

JULY 16, 2019

FinTech Lendbuzz has announced Monday (July 15) that it has secured an additional $150 million in debt and equity financing led by 83North, with participation from existing investors. The debt funding was led by BHI, ConnectOne Bank, IDB Bank, Viola Credit and a large insurance company.

Finance 49

Finance FinTech Underwriting Credit Risk 49

PYMNTS

NOVEMBER 8, 2018

Other investors that participated in the round include Hyperplane Venture Capital, Bits x Bites, Cornes Technologies and others. Too many consumer demographics are underserved by the food and beverage products currently on the market.”.

AI 55

AI Underserved Product Origination 55

PYMNTS

JULY 14, 2017

The fund aims to focus on cross-border FinTech startups run by Latinos, it said; the second startup it financed was Listo, a B2C financial services firm that similarly focuses on the underserved Latino community in the U.S. Innoviti Payments Solutions. The company added that Catamaran Ventures also participated in the investment.

Cybersecurity 53

Cybersecurity B2B FinTech Cash Management 53